Qingdao Sentury Tire Co.,Ltd.’s Net Profit Rose 7.3% in First Quarter of 2023

Qingdao Sentury Tire Co.,Ltd. (青岛森麒麟轮胎股份有限公司) (002984.SZ) reported a net profit of 250.2 million yuan in the first quarter of 2023, up 7.3% year-on-year.

Meanwhile, the company posted 1.7 billion yuan in revenue, up 14.5% year-on-year.

At the end of the reporting period, it had 11.1 billion yuan in total assets and 3.3 billion yuan in total liabilities, with a liability-to-asset ratio of 30%.